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JAI BALAJI INDUS Gains 4%; BSE METAL Index Up 0.2%
Tue, 2 Jul 9:37

JAI BALAJI INDUS Gains 4%; BSE METAL Index Up 0.2%Image source: hudiemm/www.istockphoto.com

JAI BALAJI INDUS share price has zoomed 4% and is presently trading at Rs 950.0.

Meanwhile, the BSE METAL index is at 33,358.1 (up 0.2%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.0%) and APOLLO TUBES (up 0.7%).

NMDC (down 0.8%) and Hindustan Zinc (down 0.4%) are among the top losers today.

Over the last one year, JAI BALAJI INDUS has moved up from Rs 79.3 to Rs 950.0, registering a gain of Rs 870.6 (up 1,097.3%).

On the other hand, the BSE METAL index has moved up from 20,503.1 to 33,358.1, registering a gain of 62.7% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 138.9%), Hindustan Zinc (up 113.1%) and Coal India (up 111.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,512.8 .

The top gainers among the BSE Sensex today are Infosys (up 1.1%) and HCl Tech. (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,133.3 . HDFC LIFE INSURANCE and Tata Motors are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,915.4 to 79,512.8, registering a gain of 15,597.4 points (up 24.4%).

JAI BALAJI INDUS Financial Update...

JAI BALAJI INDUS net profit grew 2187.3% YoY to Rs 2,730 million for the quarter ended March 2024, compared to a loss of Rs 131 million a year ago. Net sales rose 7.1% to Rs 18,456 million during the period as against Rs 17,240 million in January-March 2023.

For the year ended March 2023, JAI BALAJI INDUS reported 20.3% increase in net profit to Rs 578 million compared to net profit of Rs 481 million during FY22. Revenue of the company grew 30.5% to Rs 61,251 million during FY23.

The current Price to earnings ratio of JAI BALAJI INDUS, based on rolling 12 month earnings, stands at 19.2.


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